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Updated over 4 years ago on . Most recent reply

User Stats

22
Posts
20
Votes
Logan Merrick
  • Rental Property Investor
  • Lincoln, NE
20
Votes |
22
Posts

Ethics of wholesaling

Logan Merrick
  • Rental Property Investor
  • Lincoln, NE
Posted

I'm needing some wisdom on a possible deal. I am a roofer by trade and was contacted by an insurance agent friend of mine who asked me to take a look at a roof for him that was currently needing to sell.

I won't go into the the story because it's long, but basically there's not a claim to be made due to a warranty issue with the shingles and the manufacturer refuses to pay the claim. Here's where I need help.

This house can not pass an inspection because of the roof and the home will go into foreclosure soon if it doesn't sell. The real estate agent is not a good one and is currently not doing the homeowner any favors.

I was curious if anyone would feel it would be eithically wrong if I made a cash offer to the homeowner? I don't want to include the real estate agent on this, but should I?

Any wisdom would be appreciated. Thank you in advance.

Most Popular Reply

User Stats

22
Posts
20
Votes
Logan Merrick
  • Rental Property Investor
  • Lincoln, NE
20
Votes |
22
Posts
Logan Merrick
  • Rental Property Investor
  • Lincoln, NE
Replied

@Wayne Brooks I already have multiple buyers, so I wouldn't be ”tying up” anything.  

It seems from your comment though you don't like wholesalers since you're calling them ”yahoo wannabe”.  

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